Bank of Jackson Hole Trust Makes New Investment in Altria Group, Inc. (NYSE:MO)

Bank of Jackson Hole Trust bought a new position in Altria Group, Inc. (NYSE:MO - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 5,477 shares of the company's stock, valued at approximately $286,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Financial Life Planners purchased a new stake in shares of Altria Group in the 4th quarter worth about $25,000. True Wealth Design LLC increased its stake in shares of Altria Group by 420.0% during the 3rd quarter. True Wealth Design LLC now owns 572 shares of the company's stock valued at $29,000 after acquiring an additional 462 shares during the last quarter. Legacy Investment Solutions LLC acquired a new position in Altria Group during the third quarter worth approximately $34,000. Kestra Investment Management LLC acquired a new stake in Altria Group during the fourth quarter worth about $40,000. Finally, Peterson Financial Group Inc. purchased a new position in Altria Group in the third quarter valued at approximately $41,000. Hedge funds and other institutional investors own 57.41% of the company's stock.

Wall Street Analyst Weigh In

MO has been the topic of several research reports. Bank of America raised Altria Group from a "neutral" rating to a "buy" rating and raised their price objective for the company from $55.00 to $65.00 in a research report on Friday, December 6th. Morgan Stanley dropped their target price on shares of Altria Group from $54.00 to $53.00 and set an "equal weight" rating for the company in a research report on Friday, January 31st. StockNews.com raised Altria Group from a "hold" rating to a "buy" rating in a research report on Monday, November 4th. Barclays lifted their target price on Altria Group from $45.00 to $46.00 and gave the company an "underweight" rating in a research note on Wednesday, November 6th. Finally, Stifel Nicolaus boosted their price target on shares of Altria Group from $54.00 to $60.00 and gave the company a "buy" rating in a report on Friday, November 1st. Two research analysts have rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, Altria Group presently has a consensus rating of "Hold" and an average price target of $53.29.

Altria Group Stock Performance

Shares of MO stock traded up $0.68 during mid-day trading on Friday, hitting $55.01. 8,815,909 shares of the stock traded hands, compared to its average volume of 7,319,094. The company's 50-day simple moving average is $52.61 and its 200-day simple moving average is $52.66. Altria Group, Inc. has a twelve month low of $39.25 and a twelve month high of $58.03. The firm has a market cap of $93.22 billion, a price-to-earnings ratio of 8.40, a price-to-earnings-growth ratio of 2.84 and a beta of 0.64.

Altria Group (NYSE:MO - Get Free Report) last posted its quarterly earnings results on Thursday, January 30th. The company reported $1.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.28 by $0.01. Altria Group had a negative return on equity of 258.72% and a net margin of 46.90%. Analysts forecast that Altria Group, Inc. will post 5.32 earnings per share for the current year.

Altria Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Thursday, December 26th were issued a dividend of $1.02 per share. The ex-dividend date of this dividend was Thursday, December 26th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 7.42%. Altria Group's dividend payout ratio is 62.29%.

About Altria Group

Altria Group, Inc, through its subsidiaries, manufactures and sells smokeable and oral tobacco products in the United States. The company offers cigarettes primarily under the Marlboro brand; large cigars and pipe tobacco under the Black & Mild brand; moist smokeless tobacco and snus products under the Copenhagen, Skoal, Red Seal, and Husky brands; oral nicotine pouches under the on! brand; and e-vapor products under the NJOY ACE brand.